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THB – Thai Overnight Repurchase Rate (THOR)

Thai Overnight Repurchase Rate (THOR): An Alternative Reference Rate for Thai Financial Markets

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The following 5 datasets are available for resale as part of the THOR data package:

THB OIS THOR

3M – 10Y

THB OIS THOR THBFIX

1Y – 20Y

THB THOR Single Period Swaps

1M, 3M, 6M & 12M curves

THB OIS THOR vs USD SOFR

1M – 30Y

THB OIS Non-Deliverable THOR

ON – 30Y

SUMMARY

The transition to THOR brings a number of benefits to the financial services industry in Thailand.

What is THOR?

THB Overnight Repurchase Rate (THOR) is a widely used benchmark for overnight money market interest rates in Thailand. As a financial reference rate, THOR provides a reliable and transparent alternative to traditional benchmark rates such as LIBOR.

How is THOR calculated?

THOR is calculated daily by the Bank of Thailand and is based on actual market transactions. The rate has been developed to replace the THBFIX rate. It is designed to reflect the average overnight money market interest rate in Thailand and is used by financial services professionals to price a variety of financial products and instruments.

As a rate that is based on actual market transactions, it provides greater transparency and reduces the risk of rate manipulation. This in turn helps to ensure the stability and reliability of the financial markets in Thailand

Key features of THOR

THOR offers a number of unique features that make it a valuable tool for financial services professionals. These features include:

Daily calculation based on actual market transactions
Transparency and reliability
Widely used benchmark for overnight money market interest rates in Thailand

Related Products

Asia – IBOR Transition AUD – AONIA HKD – HONIA JPY – TONA SGD – Singapore Overnight Rate Average (SORA)

BENEFITS OF THOR

Financial services can use THOR in several ways:

Pricing financial products and instruments

Determining interest rates for loans and mortgages

Calculating returns on investment portfolios

Evaluating the performance of financial investments

Hedging against interest rate risk

TraditionData releases full suite of THOR analytical data

The data is available directly from us, as well as on Bloomberg and Refinitiv under the firm’s Global and Risk Free Rates packages.